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Article 1 Budgetary principles

United Kingdom

Original text. Later amendments are not shown.

1.

The ESDC budget, drawn up in euro, is the act which for each financial year lays down and authorises all the ESDC revenue and all expenditure funded by the ESDC.

2.

Budget revenue and expenditure shall be in balance.

3.

No revenue or expenditure funded by the ESDC may be implemented other than by allocation to a heading in the ESDC budget.